Max New York Life Insurance launches ‘Healthy Family’ Floater Plan

September 30th, 2009 People playing the odds on health care over costsNEW YORK — Call it a health care gamble: the decision by some people to opt out of health insurance, paying cash for routine care while playing the odds that an accident or catastrophic illness won't plunge them into financial ruin. President Barack Obama's goal of requiring everyone to carry health insurance has drawn a great deal of skepticism from this group.

September 8th, 2009 Health care issues: The public insurance planA look at key issues in the health care debate: THE ISSUE: Should Americans have the option of getting health insurance from a government plan that competes with private companies? THE POLITICS: Many Democrats want to do away with private insurance and replace it with something resembling Medicare coverage for all, but that's not politically feasible. Offering the choice of a government insurance plan was a compromise within the Democratic Party.

July 29th, 2009 Mexico City gives medical insurance to touristsMEXICO CITY — The Mexico City government has launched a program to provide medical insurance to cover tourists who face health problems while visiting the capital. Mayor Marcelo Ebrard says the program was proposed during the April swine flu outbreak that battered the tourism industry in the city, which is visited by about 7 million tourists each year.

July 28th, 2009 AIG sells life insurance premium finance businessNEW YORK — Insurer American International Group Inc. said on Tuesday that it closed the sale of its life insurance premium finance business for $679.5 million in cash.

July 21st, 2009 NEW DELHI - Despite achieving a healthy 16 percent annual growth rate, India's general insurance business accounts for just 0.6 percent of the gross domestic product (GDP), compared to the world average of 2.14 percent, says a report released here Tuesday. "The penetration of general insurance in India remains low on account of low consumer preference, largely untapped rural markets and constrained distribution channels," said the report jointly prepared by Crisil and the Associated Chambers of Commerce and Industry of India (Assocham).

July 15th, 2009 AIG speeds up spinoff of life insurance unitNEW YORK — American International Group Inc. is speeding up plans to spin off its American Life Insurance Co.

July 9th, 2009 PANAJI - Private life insurer Aegon Religare Thursday said India, where barely one-fifth of the total population is covered by life insurance, is a huge market for insurance companies. "It is a misconception that the life insurance market in India is saturated.

July 2nd, 2009 CHENNAI - Life insurance penetration in India dipped in 2007, first time since the sector was opened up for private players a decade ago, said the country's Economic Survey for 2008-09 released here Thursday. "The life insurance penetration in India increased from 1.77 percent in 2000 to 4.1 percent in 2006, before declining to 4 percent in 2007," the survey tabled in parliament by Finance Minister Pranab Mukherjee said.

June 23rd, 2009 KOLKATA - Life Insurance Corp of India (LIC), the country's largest life insurer, is targeting 20 percent growth in premium this fiscal, a top official said here Tuesday. "Last year we have received total premium of Rs.155,000 crore.

June 14th, 2009 Sebelius says Obama plan would lower health costsWASHINGTON — Health and Human Services Secretary Kathleen Sebelius says the government health insurance plan proposed by the Obama administration would increase competition and drive down costs. Sebelius says President Barack Obama does not want to dismantle privately owned plans and does not want the 180 million people who have employer coverage to lose their insurance.

June 14th, 2009 Conrad says gov't insurance plan short of supportWASHINGTON — The Democrat who heads the Senate Budget Committee says he doubts there are enough votes in the Senate to support President Barack Obama's plan for a government health insurance option. Sen. Kent Conrad of North Dakota says that there are good arguments for the proposal but probably not the votes it needs in the Senate.

May 27th, 2009 NEW DELHI - Amity Global Business School, in collaboration with Max New York Life Insurance, Wednesday announced the launch of a post-graduate diploma in insurance and sales management. The programme offers professional training in specialised subjects such as insurance sales practices and management, insurance products, legal and regulatory aspects of life insurance as well as general and marketing management.

January 13th, 2009 KOLKATA - Future Generali, the joint venture with the Italian insurance giant Generali, is expecting to touch a premium income of about Rs.10 billion by 2010, a senior official said Wednesday. Future Generali is the insurance joint venture between Future Group of India and Italy-based Generali Group with a 74:26 stake.

January 1st, 2009 CHENNAI - India's insurance watchdog Friday offered life insurers, and more particularly the private life insurers, a mega New Year gift by easing solvency norms for the third time in recent days. Solvency margin is the excess of assets that a life insurer has to maintain over its liabilities.

December 22nd, 2008 AGARTALA - Over 1,700 insurance employees in the northeast went on strike Tuesday as part of a nationwide protest against the government's move to raise foreign direct investment (FDI) in the insurance sector. More than 1,700 insurance employees belonging to 22 branches of Life Insurance Corp of India (LIC) and the General Insurance Corp (GIC) in Tripura, Manipur, Mizoram and Assam took part in the strike, said Dipankar Chakraborty, a spokesman of the All India Insurance Employees Association (AIIEA).